Adesto Technologies (IOTS) Reaches $6.65 After 5.00% Up Move; Profile of 3 Analysts Covering Buckeye Partners, L.P. (BPL)

September 8, 2017 - By Migdalia James

Among 11 analysts covering Buckeye Partners (NYSE:BPL), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Buckeye Partners had 31 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, August 7 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Monday, December 14, the company rating was upgraded by DA Davidson. Barclays Capital maintained it with “Equal-Weight” rating and $66 target in Monday, August 7 report. Credit Suisse initiated Buckeye Partners, L.P. (NYSE:BPL) on Wednesday, October 12 with “Neutral” rating. As per Monday, August 7, the company rating was maintained by Credit Suisse. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Neutral” rating given on Tuesday, March 15 by JP Morgan. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 26. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, November 2. The firm has “Neutral” rating given on Monday, February 13 by Mizuho. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Neutral” rating by Goldman Sachs on Thursday, August 25. See Buckeye Partners, L.P. (NYSE:BPL) latest ratings:

07/08/2017 Broker: RBC Capital Markets Rating: Hold New Target: $67.0000 Maintain
07/08/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $68 New Target: $66 Maintain
06/08/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $69.0000 Maintain
07/08/2017 Broker: Credit Suisse Rating: Hold New Target: $74.0000 Maintain
30/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $73.0000 Maintain
13/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $74.0000 Maintain
08/05/2017 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy New Target: $74.00 Upgrade
21/03/2017 Broker: Suntrust Robinson Rating: Hold New Target: $72.00 Initiate
21/03/2017 Broker: SunTrust Rating: Hold New Target: $72.00 Initiates Coverage On

The stock of Adesto Technologies Corp (NASDAQ:IOTS) is a huge mover today! The stock increased 3.10% or $0.2 on September 8, reaching $6.65. About 259,733 shares traded or 64.15% up from the average. Adesto Technologies Corp (NASDAQ:IOTS) has risen 50.86% since September 8, 2016 and is uptrending. It has outperformed by 34.16% the S&P500.The move comes after 5 months positive chart setup for the $138.21 million company. It was reported on Sep, 8 by Barchart.com. We have $6.98 PT which if reached, will make NASDAQ:IOTS worth $6.91 million more.

Among 6 analysts covering Adesto Technologies (NASDAQ:IOTS), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Adesto Technologies has $10 highest and $4 lowest target. $7.33’s average target is 10.23% above currents $6.65 stock price. Adesto Technologies had 8 analyst reports since November 23, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, November 23 by TH Capital. Roth Capital initiated it with “Buy” rating and $4 target in Thursday, September 1 report. The stock of Adesto Technologies Corp (NASDAQ:IOTS) has “Strong Buy” rating given on Wednesday, August 10 by Needham. The stock of Adesto Technologies Corp (NASDAQ:IOTS) earned “Strong Buy” rating by Needham on Monday, November 23. The company was initiated on Monday, November 23 by Oppenheimer. The company was initiated on Friday, February 19 by Bernstein. Roth Capital initiated it with “Buy” rating and $10 target in Monday, November 23 report. Benchmark initiated the shares of IOTS in report on Friday, February 19 with “Buy” rating.

Adesto Technologies Corporation is a well-known provider of application-specific and ultra-low power non-volatile memory products. The company has market cap of $138.21 million. The Firm optimizes its non-volatile memory products for Internet of Things , applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. It currently has negative earnings. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment.

Investors sentiment decreased to 0.97 in 2016 Q4. Its down 0.21, from 1.18 in 2016Q3. It dived, as 37 investors sold Buckeye Partners, L.P. shares while 87 reduced holdings. 30 funds opened positions while 101 raised stakes. 94.57 million shares or 6.05% more from 89.17 million shares in 2016Q3 were reported. Citigroup invested in 0.02% or 363,268 shares. Forward Management Ltd has 1,742 shares. Tortoise Lc has 4.92% invested in Buckeye Partners, L.P. (NYSE:BPL) for 11.56M shares. Commonwealth Equity Services holds 67,339 shares. 3,435 are held by Burney. Central Retail Bank invested in 0.01% or 500 shares. Focused Wealth Management Inc holds 0.01% or 425 shares in its portfolio. Susquehanna Gp Llp invested in 65,471 shares or 0% of the stock. Mcrae Cap Mngmt accumulated 5,600 shares. Brick And Kyle Assocs owns 715 shares for 0.04% of their portfolio. Private Advisor reported 31,888 shares. Rdl Inc holds 0.79% or 17,759 shares in its portfolio. Millennium Llc has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Raab & Moskowitz Asset Mgmt Ltd Liability Co accumulated 17,858 shares. Harvest Fund Advisors Lc reported 8.35 million shares stake.

The stock decreased 0.98% or $0.55 on September 8, reaching $55.81. About 387,945 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since September 8, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Buckeye Partners, L.P. owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. The company has market cap of $7.90 billion. The Company’s divisions include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It has a 15.35 P/E ratio. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations.

Since May 24, 2017, it had 0 insider buys, and 1 sale for $219,760 activity. RUSSO TODD J had sold 3,280 shares worth $219,760 on Wednesday, May 24.